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{
    "id": 1260422,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1260422/?format=api",
    "text_counter": 328,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung'wah",
    "speaker": null,
    "content": " It is, indeed, true that a rise in VAT by 8 per cent will occasion a rise in fuel prices. However, it must not be lost on us that it would be worse without Government-to-Government intervention on fuel prices. Today, with the dollar trading at Ksh140 plus, the cost of fuel would be at a figure of about Ksh210 plus were it not for necessary interventions done by this regime. My second point is that it is true what the Leader of the Minority Party said, that you could have varying rates of VAT. However, it becomes problematic. Members are aware that all marketers in this country have taken advantage of the varying interest rates. The problem that we have with VAT claims on input tax is because of those varying interest rates. That is a fact you cannot dispute. Thirdly, even at 16 per cent, Kenya’s VAT is still the lowest in the region because our country is a market leader and the strongest economy. Uganda’s VAT on fuel is at 18 per cent. Our friends Tanzania and Rwanda are also at 18 per cent. We promised to reduce taxes during campaigns. It is true that there have been reductions on taxes on fuel. The Chair has enumerated the Railway Development Levy that has gone down. The IDF has also gone down. Those are taxes and levies on fuel, just as President William Ruto promised during the famous Presidential Debate."
}